Thursday, May 16, 2013

Nifty Intraday Update-II



48 comments:

mmarketman said...

one should publish DISCLAIMER...figures shown in profit are only as per paper trading ...not necessarily related to practical....

shriram said...

@ S4s:

lets pray for another "superlative bounce" !!

I'll pray that 6141NS holds, u pray that 13,200 BN does ;-)

Pattern Trading said...

@mmarketman..

Bhai kyu itna dhukhi ho raha hai ... apne trade par dhyan de yaar ... kyu tension le rahe ho ... aur de raha hai :D

RainMaker said...

.....one should have belief...belief..belief


Without beleif one can't succeed even if god provides you with the levels

Ilango said...

Please do not interact with "intruders" who have no shame to show up again & again.

They are the "ungrateful" ones.

Read my blog every second, only to pick holes.

Please...I request you "all" not to interact with these "Buffalos" who come here for treatment for their ever not disappearing "itches".

RainMaker said...

New entrants in the market with calculators fancy excel sheet formulas always take some time to come down to the realty and then they will try to learn the power of beleif over those formulas.

Ilango said...

Not breaching 6147, another high attempt.

Sidhharth Noman said...

LOL @ ever not disappearing itches.

Dinesh Rishi said...

BN Plz show me all time High

http://rdesigno.com/wordpress/wp-content/uploads/2010/09/rdesigno-rocket.gif

Ding A Dong said...

master,

to take aggressive shorts should we have to wait
to breach of 6163 or 6147?

Ding A Dong said...

dear JRJ

plz share the inputs you given to get your weekly values!

Ding A Dong said...

@RainMaker

are you talking about master?????????????????

even he uses excel sheets!!

Ashwin said...

Master

அட கருப்பட்டி இப்போ அட எரும ....

As u said good 2 ignore...

vksoni said...

ilango sir
after resisted near critical 6181 now trading below hhema is it aggresive sell?

Aditya Jain said...

sir i am still waiting for the answer i posted earlier please help me sir or any other blogmates

sometimesbullsometimesbear said...

Poor Sreesanth - Cricketing career over. Feel sorry for him. Why get into such mess.

vksoni said...

ilango sir
after resisted near critical 6181 and expaanding trangle .trade below hhema .it is aggressive sell?

Parminder said...

Master 6147 holding this time

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-6119, S1-6069, R1-6212, ATP-6179, VWAP-6179

The 6200CE writers for the first time seems like they can hold onto these marauding Bears, with huge addition of over 10 lacs, The PE writers are unfazed…

Thanks & Regards

Renju S said...

what happened no posting for past 45 min?

Renju S said...

is there any issue with the blog/site?

venkateshspices said...

why no up dates from any one since 12.18 ?

shriram said...

Master,

Can u pl take a look @ the EW query pls ?

discipline focus said...

@Blogmates,

D.hema - D.low ema- part booking /re-entry are flair/actions subjected to your skills, a teacher teaches you a concept, how you use it practically, how you adapt to it, modify it are your domain. EVERYONE TEACHER TEACHES YOU A CONCEPT - ITS YOUR 'SKILL' HOW BEAUTIFULLY YOU USE/ADAPT THEM - THATS HOW NEW INVENTIONS ARE MADE, WORLD MOVES FORWARD

Coming back to Tech table and its use, trades based on them -

1) What does master says? - When market are in trading mode/ range bound, They have a tendency to Oscillate between Day.H.Ema+20 - Day.Low.Ema-20

Is that so complex to understand or use

A trader following that couldn't have gained from full move of nifty yesterday?

I did, my earlier posts/trades /contract notes can be verified-

How i use it/infer it?

Take position based on "DAY.JNSAR", - is that so hard to do?

Yesterday Nifty7 opened and went above Day.Jnsar- I took longs @6034 N.F.

I use the tech table like this, If nifty closes between Day.High.Ema +20- Day.Low.Ema +20 , I carry fraction of my orignal position overnight (60-80%) depending on conviction

What happened yesterday?

Master Said in morning , the Day.Highe.Ema is at 6073

What would be Day.High.Ema+20? 6093!!

Now when Nifty breached 6093 at 10:33, did it ever corrected back even 20 points? Showed any weakness resistance?
We keep, talk about 20 points s/l as it signifies change of momentum- Did nifty corrected by even 20 points? No it made a low of 6085.7 @ 10:36 - hardly 7 points and went up, breaching day.High.ema +20

Why should I book partial quantity? Full quantity? Short the market? Did I got a signal? Did Tech.Table gave a signal?

Verify the above facts and statistics, and argue /get confused by solid reasoning- dosn't Tech Table helps in gaining clarity?
If it dozn't for you, or you can't trade based on that, the problem is - YOU, NOT THE TEACHING, MASTER . PERIOD

P.S.- Any views, arguments, theory, opinion has to be proved by data/stats/facts all the things except them are crap.

Regards
Discipline

gauresh59 said...

https://www.facebook.com/photo.php?fbid=630895826938331&set=a.396912977003285.106671.100000537570323&type=1&theater

rama balaji said...

ashwin.,
karupattina enna

cooldent said...

google jab dete hai chappar phaadke dete hai

Ilango said...

@ Shriram,

5970 to 6187 could be read as 5 or 3. A tricky juncture.

5970 to 6187 could be just the 1st part of the 5th wave.

I would go with the 3rd of 5th done and 4th is on....

Ashwin said...

@ rama balaji

கருப்பட்டி is Palm Jaggery

STOCK4SURE said...

@Shriram

possibility of a +WW developing

ns may dip towards 6153-48 range to form pt5 and then may move up towards 6200ns till tomorrow

plz confirm

JN-Follower said...

thanks @discipline focus for your detailed analysis. Master has been guiding throughout sessions, but I also appreciate your point about intraday momentum weakening if dip > 20 pts, and so holding onto positions even after 5DHema + 20 pts were crossed. These are finer points to fine tune the trade.

I am only a beginner here but can already appreciate the structure using 5DHema, 5DLema, trend identification using 5DCema etc among other things of course...

Btw, I didn't go long yesterday because of my own inexperience with JNSAR method and waiting for a dip which never came. But the proof is there to see that JNSAR method works and I find that fact to be more important than my missed opportunity!

mahekovoor said...

dear illango,

if indeed 4th is on,what could be the possible target?

suresh said...

WATCH if ns < 6155/6138

venkatapathy l said...

To day so many good posts. JRJ, Discipline, DR.

It is a good day. Thank you Ilango Sir.

LV

Nilesh Patil said...

@pattern,
Bajaj-auto

RainMaker said...


Ding A Dong said...

@RainMaker

are you talking about master?????????????????

even he uses excel sheets!!


No ! what Illango uses is simplest of the trading method and his beleif in it fetches good results.

I am talking about new guys off the block, who uses different and complex sets of forumulas and rules. Who are perpetually on the look out for the holy grail! and try to find out holes in every method and never takes a trade for the lack of beleif in any one of his systems.


What I was appreciating was the power of beleif. As is evident in JNSAR trades.

BALA said...

yesterday ,RBI announced inflation indexed bonds to retail investors. aand any body having any idea or any blog /web address details(other than RBI) How is beneficial to individual and what are he differences form Bank deposits .Thanks

Pattern Trading said...

@nilesh sir .. Just saw it .. :) if count is correct then it can target 1680 range :)

RainMaker said...

We (retail investor) will have to wait for somtime before full details come out

"4. Second series of IIBs exclusively for retail investors will be issued in second half of the financial year. First series of the IIBs will help in determining the coupon rate for the bonds through auction. This will help in benchmarking IIBs. Based on the experience in the initial issuances, second series of IIBs for the retail investors is proposed to be issued around October. Terms of issuance of IIBs for retail investors would be announced in due course."

RainMaker said...

Link to RBI
http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=28671

vishnu said...

Sir as per 1 pm update the close of 6171 is above HEMA 6169 where (Lema is 6147).

Pls do confirm

JN-Follower said...

@BALA,

inflation indexed bonds are similar to US TIPS:

http://www.investopedia.com/terms/t/tips.asp

Govt and RBI probably wants people to reduce purchasing gold as an asset. The idea is good provided the inflation measure it is backed by like CPI is accurately reported and not a fudged figure!

Rajvada said...

Master, it looks IVth of 5 is on. Now only last upmoove of Vth of 5 pending. With this logic, max. upside is limited 50 to 100 points and then the story is over for C of B.

vksoni said...

current hour open low same

Ilango said...

New Post Done.

STOCK4SURE said...

abv 6177.3 may gain some momentum

today option prem eating day

guess tomorrow may break abv 6200

Nilesh Patil said...

@Master,
1st 4770 – 5349 = 579
2nd 5349 – 5032 = 317 (0.55%)
3rd 5032 – 6112 = 1080 (1.86%)
4th 6112 – 5477 = 635 (0.58%)
5th 5477 – 6276 = 799 ( 1.38% of 1st ) ???
Or 5477 - 6413 = 937 (1.618% of 1st) ???

Atharva said...

Good afternoon Master : ANy significance of 6176.. NS getting rejected fr this since morning

Post a Comment